The continuous existence of man is dependent on the free goods and services (e.g. water, air purification, fisheries, timber production and nutrient cycling) provided by his natural environment. Due to the public nature of these goods and services, they are not traded in the open markets hence, they are regarded as not having market prices. As a result, the current economic system fails to capture their losses and this may continue for long if care is not taken. Unless economic decisions (and the associated implications of development options) are made based on valuing the invisible aspects of ecosystems, unfriendly environmental decisions may continue to be taken that will culminate into economic, social and environmental cost which may be unmanageable. It is therefore expedient that a Green Economy with consideration for the immense value of biodiversity and ecosystems be incorporated by both corporate and governmental agencies so as to ensure a sustainable development progression in an economy. In achieving sustainable green economy, the appropriate stakeholders should pay particular attention to the value of natural capital in any policy decision. Hence, this study examined the roles of Estate Surveyors and Valuers (ESVs) in a green economy. Exploratory approach was employed in carrying out the study. Literature review technique was adopted to examine the various aspects of the economy and the roles of ESVs that help in greening the economy. The study identify the roles of ESVs in greening an economy to include: ensuring the use of renewable energy instead of fossil fuel in their management properties, adoption of efficient technology that consumes less energy, advising on waste minimization and appropriate waste management approaches, giving consideration to ecosystem services while carrying out development valuation and finally promoting decent jobs that takes cognisance of employee’s welfare, job security and career prospects. The study therefore recommends that the time has come for Estate Surveyors and Valuers to be actively involved in greening Nigerian economy.
The concept of big data though relatively new has brought a lot of solutions to modern day challenges. Many authors, particularly in developed countries, have adopted the concept in tackling the numerous challenges unfolding in the real estate profession. However, most of the findings from these authors are on individual bases and as such, there is a need to reach a general consensus on the relevance of big data to the real estate profession. The review shows the impact of big data to include digitization of records, information on user preferences, sensor information on the urban environment and sensor information on movement. The paper concludes that the relevance of big data to the real estate profession cannot be over-emphasised.
The way shopping malls have sprawled every nook and cranny particularly in the developing economy is evident from major cities to even sub-urban areas. The expansion evident in the various locations of these shopping malls can be attributed to its patronage. Earlier researchers have linked the patronage of these malls to influences resulting from location, gender, image, type of shoppers amongst other. Even though studies on facilities and how it influences patronage are evident particularly in the developed economies such work also studied other factors thereby not giving a detailed finding on the linkage between facilities provided in such malls and the level of patronage from shoppers. This present study thereby focuses on influence of facilities provided on patronage of the five (5) identified shopping malls in Ibadan, Oyo State Nigeria. The study being a cross-sectional research survey entailed the distribution of questionnaires to 143, 126, 127, 145 and 126 shoppers of Cocoa Mall; Heritage Mall; Jericho Mall; Palms Mall and Ventura Mall, respectively all located in the study area, Ibadan. A cumulative response rate of 80.3% was attained. Data collected was analysed using descriptive statistics of weighted mean and substantiated with factor analysis. It was revealed that most identified facilities in the malls have a great influence on patronage of the malls. However, in order to avoid superfluity of investment, investors could commence provision of Eatery / Food court (Co-V1, 0.72) as recreation facility; Kids play center (Co-V1, 0.79) as children’s facility; Toilet/Restroom (Co-V1, 0.84) as service facility; POS (Co-V1, 0.91) as banking facility and free medical checkup (CoV1, 0.91) as health facility as these have most remarkable influence on patronage of the malls. The researchers hereby advocated that investors can be guided in the provision of the relevant facilities to prevent superfluity while the keen sustenance of these specific facilities can sustain patronage of the various malls in the study area.
Negotiation is inevitable in every sphere of life. This has transcended conflicts to the business world that is already ensnared by the negotiation of fees charged clients by estate surveyors and valuers after handling valuation jobs. To curtail the indiscriminate negotiation that goes on to even ridiculous charges, this work aimed at determining an equilibrium pricing through a model using mortgage Affiliations
Traffic gridlock has been a concern in research particularly in determining its effect on property values. Resultant findings have either been a negative or positive impact. For the case of Apapa in Lagos State which is the focus of this present study, traffic gridlock has been an experience of over ten years, hence the need to discover its impact on various property value types as against the collective findings in most previous research. Student-T test of significance at a 95% level of confidence was adopted with results derived for all property types of the calculated T result far outweighing that of the stipulated Tabulated T result of 1.645. These findings for all property types indicate that the increase in property values for various property types have not been distorted by the traffic gridlock and as such investors in residential properties in the study area will always make their profit notwithstanding the gridlock. The researchers hereby advocated further research in determining the choice of residency in Apapa notwithstanding the traffic gridlock.
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